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...legal straightjacket took some of the heat off the Governor, there was plenty else to answer for. A day before his appearance in front of the committee, the Bank of England announced plans to pump $20 billion into the money markets, to help thaw the freeze on liquidity and push down the bloated rate banks are charging to lend one another cash. It also broadened the kind of collateral those banks could put up in return for accessing the central bank funds. In itself, that wasn't controversial - the European Central Bank and U.S. Federal Reserve have both pumped cheap...

Author: /time Magazine | Title: Coming Clean On Northern Rock | 9/22/2007 | See Source »

...remedies proposed by the SVP have, of course, been fiercely rejected by all other political parties, human rights groups, and the government. They see the SVP's anti-foreigner rhetoric as demagoguery designed to stampede the electorate. "We are shocked at how foreigners are used to heat up the political climate, and how some parties are promoting such negative images," says Doris Angst, Secretary General of the Federal Commission against Racism. Adds Swiss President Micheline Calmy-Rey: "This racist campaign disgusts me because it stirs up hatred...

Author: /time Magazine | Title: Bye-Bye, Black Sheep | 9/21/2007 | See Source »

...military muscle flexing, high energy prices and the arcane exigencies of international law. But the tale begins with global warming, which is transforming the Arctic. The ice cap, which floats atop much of the Arctic Ocean, is at least 25% smaller than it was 30 years ago. As the heat-reflecting ice that has made the Arctic the most inaccessible and uncharted part of the earth turns into water - which absorbs heat - the shrinkage is accelerating faster than climate models ever predicted. On Aug. 28, satellite images analyzed by the University of Colorado's National Snow and Ice Data Center...

Author: /time Magazine | Title: Fight for the Top of the World | 9/19/2007 | See Source »

...chief operating officer of Harvard’s Allston project, said in a telephone interview that the pact reinforces Harvard’s commitment to creating a “very sustainable campus.” He added that the Allston team had considered windmills, winter gardens, and heat extraction from sewers as some strategies to meet the goal...

Author: By Laura A. Moore, CRIMSON STAFF WRITER | Title: Allston Adopts CO2 Caps | 9/18/2007 | See Source »

...months, Maria Protou, an 18-year-old bleached-blonde philosophy student, was looking forward to her maiden trip to the ballot box this Sunday. But then, a Greek tragedy transpired. Hellish blazes tore through forests parched by two months of intense heat this August, destroying thousands of acres of farmland, killing at least 65 people, and throwing the government's reflexes - and political fortunes - into question. Today, on the eve of the election, Prappa considers skipping the vote entirely, in protest of the tragedy. "It's either that," she says, "or casting a blank ballot or voting for a small...

Author: /time Magazine | Title: Uncertainty Ahead Of Greek Elections | 9/14/2007 | See Source »

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